Bitcoin and other cryptocurrencies have surged in recent weeks, with Bitcoin reaching a new all-time high. Altcoins like Solana and SHIB have also gained significant traction. However, regulatory actions are intensifying, with France scrutinizing Polymarket and California revoking BlockFi’s license.
Bitcoin briefly hit $77,000 on Thursday, fueled by the biggest daily net inflow to U.S. Spot Bitcoin ETFs since their launch in January. Solv Protocol changed the classification of the assets contained in its SolvBTC reserve to enhance security and yield-generation opportunities. Furthermore, the crypto market may have found a new headline in Rexas Finance (RXS), an emerging altcoin that’s sparked interest among early Solana investors.
In other news, California’s DFPI has permanently revoked BlockFi’s license due to regulatory violations. The French National Gambling Authority is also examining whether Polymarket complies with local regulations.
